2. On May 31, 2021, Oscar Company acquired a large percentage of the common arks shares of Felix Ltd. Information about the investment in the Felix Ltd. shares follows: Book value of Felix's assets on May 31, 2021 Book value of Felix's liabilities on May 31, 2021 Purchase price of investment: $ $ 588,258 123,534 176,477 $ $ 71,833 Net income earned by Felix for the year ended May 31, 2022 Dividends paid by Felix to all of its common shareholders on December 31, 2021 Percentage of outstanding common shares purchased by Oscar Company in Felix $ 21,550 28% Assume that Oscar Company applies IFRS, and that this investment gives Oscar significant influence over Felix. Also assume that any of the amount paid by Oscar in excess of the book value of the investment can be attributed to depreciable assets that have been undervalued. The remaining useful life of these depreciable assets is 5 years. Assume that Oscar Company has a May 31 year end. Required: 1. Prepare any applicable journal entries for Oscar's investment in the shares of Felix on each of the following dates: (a) (b) (c) May 31, 2021 (1 mark) December 31, 2021 (2 marks) May 31, 2022 (4 marks)